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The Real Estate News Brief: More Rate Hikes Expected, Inflation Slows in May, Top Cities for Renters
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:05:36
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In this Real Estate News Brief for the week ending June 17th, 2023... why we might see two more rate hikes this year, what the latest consumer price report is showing us, and the cities that are attracting the most attention from renters! Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news that grabbed headlines this last week. Members of the Fed’s Open Market Committee decided to put their rate hike regimen on pause for the month of June, but said that two more rate hikes are likely later this year. The decision was unanimous for the pause, but not so for the rate hikes. Two members don’t see any further hikes, four are anticipating one more rate hike, and nine are expecting the need for two. Two more believe we’ll need three, and one is saying four. (1) By holding the interest rate steady for the time being, the Fed will have a chance to “assess additional information and its impli